Overview    

Financial statement audits verify the accuracy and trustworthiness of financial data within organisations. It is important for every audit team member to possess a thorough understanding of the scope and objectives of every audit engagement. 

This webinar explores the regulatory frameworks that govern audit practices and discusses the primary goals of these critical assessments. Also under discussion will be detailed insights into the methodologies employed throughout the audit process, including risk assessment techniques, testing procedures, and effective communication of findings. 

Join Jako Liebenberg CA(SA) on 26 June 2024 from 10:00 a.m. to 12:00 p.m., for an enlightening session designed to deepen your understanding of financial statement audits and your part in ensuring their integrity and accountability for the benefit of all stakeholders.   

Learning objectives   

Attending this webinar will equip you with the following skills:  

• Gain a comprehensive understanding of the objectives and scope of financial statement audits, including their role in providing assurance to stakeholders. 

• Learn about the key principles and standards governing financial statement audits, such as those set forth by regulatory bodies and auditing standards boards. 

• Explore the importance of independence, objectivity, and professional skepticism in the audit process, and understand their significance in maintaining audit quality. 

• Identify the various stages and procedures involved in conducting a financial statement audit, from planning and risk assessment to testing and reporting. 

• Understand the implications of audit findings and the role of auditors in communicating results to stakeholders, including management, shareholders, and regulatory authorities.   

Content   

The webinar will cover the following topics:  

• Introduction to Financial Statement Audits: 

  • Definition and purpose of financial statement audits. 

  • Importance of audits in providing assurance to stakeholders. 

  • Evolution of audit standards and regulations. 

• Regulatory Framework and Standards: 

  • Overview of regulatory bodies and auditing standards boards. 

  • Examination of key auditing standards and guidelines. 

  • Understanding the compliance requirements for financial statement audits. 

• Objectives and Scope of Audits: 

  • Clarification of the objectives and scope of financial statement audits. 

  • Discussion on the responsibilities of auditors and management. 

  • Examination of the limitations of audits and areas not covered. 

• Audit Process and Methodologies: 

  • Overview of the stages involved in conducting a financial statement audit. 

  • Explanation of risk assessment and planning procedures. 

  • Exploration of audit testing techniques and sampling methodologies. 

• Reporting and Communication: 

  • Analysis of audit findings and their implications. 

  • Understanding the different types of audit opinions. 

  • Discussion on the communication of audit results to stakeholders. 

• Professional Ethics and Independence: 

  • Examination of ethical considerations and conflicts of interest. 

  • Case studies and examples illustrating ethical dilemmas in auditing. 

• Emerging Trends and Challenges: 

  • Exploration of current trends and developments in financial statement auditing. 

  • Discussion on challenges faced by auditors and the profession. 

  • Consideration of the impact of technology and data analytics on audits. 

Obtaining your CPD certificate  

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA.  

All attendees are issued with a CPD certificate available in an online profile.    

About the presenter  

Jako Liebenberg CA(SA) 

Jako became a Chartered Accountant and Registered Public Auditor in 2001. His entire career has been in public practice except for a stint as CFO in the Free State Provincial Government from 2010 to 2012. 

Jako consults for clients across South Africa on Accounting Standards and Compliance, Broad Based Black Economic Empowerment, Tax and Business Development. He serves as an assessor in the Free State High Court of Appeals as representative in Public Practice. Jako is also a registered SAICA assessor for Trainees.    

Who should attend?  

The following persons will benefit from attending this webinar:  

• Registered auditors. 

• Practising accountants including: CA(SA) and AGA(SA).  

• Independent reviewers.  

• Practice managers.  

• Trainee accountants.  

• Accounting officers.   

Price                

• R450.00 - Online admission - Individual.  

• Group Price 1 - From R184 per person (up to 5 users)  

• Group Price 2 - From R121 per person (up to 10 users)  

• Group Price 3 - From R109 per person (over 11 users)  

Steps to register for the event:   

If you already have a profile, login and register for the webinar.  

If you don’t have a profile, create a free profile then login and register for the webinar.  

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).  

Click here to find out about the Technical Resource Centre & CPD Subscription options.    

Additional material  

By attending this webinar you will be provided with:  

• A summarised slide presentation.  

• Reference documents and/or course material where available.  

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.    

Corporate training solutions  

At SA Accounting Academy, we recognise the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.    

Contact us    

Have any questions or need any assistance? Contact us today!  

• Online chat through our website.  

• WhatsApp: Start chatting (+27635026114)  

• Phone: 010 593 0466  

• E-mail: [email protected]